Burnaby, Canada, October 06, 2015 --(PR.com
)-- According to recently released TechSci Research report, “India Barcode Scanners and Printers Market Forecast & Opportunities, 2020,” barcode scanners and printers market in India is forecast to register a CAGR of around 19% during 2015- 2020. This robust growth in the country’s barcode scanners and printers market is expected to take place on account of expanding business of E-commerce companies coupled with increasing government focus on projects such as digitization of Public Distribution System (PDS)and using barcode technology for issuing ration cards and driving licenses.The usage of barcode scanners and printers is growing across various sectors such as automotive, pharmaceutical and healthcare, E-commerce and retail, warehousing and logistics, etc. In recent years,processes related to modernization of assembly lines, and inventory management in warehouses have also catalysed the usage of barcode scanners and printers.
Zebra Technologies, Honeywell, SATO, and TVS Electronics are few of the leading players of India’s barcode scanners and printers market that operate through their respective distributor and dealer networks in the country. In 2014, the country’s northern and southern regions collectively accounted for a majority share of the barcode scanners and printers market, and this trend is expected to continue over next five years. Growing number of multinational logistics service providers is one of the major factors expected to significantly contribute to the growth of barcode scanners and printers market in India.
“The barcode scanners and printers market has witnessed some market consolidation over the last few years as the leading industry players have been increasing their focus on horizontal integration to achieve economies of scale and strengthen their product portfolio,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.